In 2023, after three years of building an automotive lending startup, Fuse co-founders Andres Klaric and Marc Escapa realized that LLMs could modernize something even more significant: the loan origination system (LOS), which is the backbone of the lending industry.

Frustrated by the limitations of legacy software, Klaric (pictured left), a Bolivian native, and Escapa (pictured righ), a Spanish immigrant, pivoted their business to build Fuse, an AI-native LOS.

On Monday, Fuse announced that it has raised a $25 million Series A led by Footwork, Primary Venture Partners, NextView Ventures, and Commerce Ventures.

An LOS serves as the primary system of record for most lenders, managing the entire loan life cycle: from initial application and underwriting to final approval and credit disbursement.…